Genesis has secured the Stage 1 Mining Proposal and Mine Closure Plan approval from the Department of Mines, Petroleum and Exploration for its Tower Hill project in Western Australia.
This milestone aligns with the company’s development timeline for stage one mining, ensuring that the project is on track for mine development in fiscal year 2027 (FY27) and the extraction of first ore in FY28.
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Genesis anticipates that agreements with rail users regarding the shortening of the rail line for stage two will be finalised by the end of this calendar year.
Tower Hill is a significant open-pit mining prospect with abundant, near-surface, high-grade ore, situated just 2km north of the company’s Gwalia mine.
The site has seen sporadic mining activity since 1898. The most recent mining efforts at Tower Hill concluded in 2003, with the site having produced around 220,000oz during its historical operations.
The Leonora processing plant is located just 1km away from the project and is currently undergoing an expansion study.
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By GlobalDataGenesis plans to provide more details on the Tower Hill project in its updated long-term plan, set for release in the June half of 2026.
The mine plan for Tower Hill includes a single open pit with a one-million-ounce ore reserve at two grams per tonne, a strike length of 1.4km and a 9:1 strip ratio. Additionally, Genesis is advancing an underground transition study.
Genesis managing director Raleigh Finlayson said: “The Stage One approval is an important piece of our accelerated ASPIRE 400 growth jigsaw.
“It ensures we have the flexibility to align the start of mining at Tower Hill with the mill expansion strategy, enabling us to optimise the timing of costs and revenues. When combined with the recently acquired Focus assets at Laverton, we have a pipeline of organic growth opportunities which in turn give us very valuable processing flexibility.”
